Author: Alert team

Industry Update November 22, 2021 Source: mortgageorb.com Mortgage delinquencies continued to drop during October, falling to just 3.74% of all loans, according to Black Knight’s First Look report. That’s a decrease of 4.25% compared with September and down a whopping 42% compared with October 2020. However, serious delinquencies remain elevated and, as...

Industry Update November 16, 2021 Source:  mpamag.com New data from LegalShield reveals that consumers are shifting their focus away from real estate and home purchases toward accelerating inflation and a looming foreclosure crisis. For the first time in six months, LegalShield’s Housing Sales Index fell in October as prospective buyers...

Industry Update November 9, 2021 Source:  Banker & Tradesman The share of Fannie Mae and Freddie Mac loans in forbearance has reached the lowest level since the start of the pandemic, according to the Mortgage Bankers Association, but an increase in the number of borrowers exiting forbearance into loan...

Industry Update November 3, 2021 Source:  inman.com The Federal Reserve this month will begin tapering the support it’s provided to mortgage rates during the pandemic, reducing its $120 billion in monthly purchases of mortgages and government debt over eight months. Because the Fed has been broadcasting its intentions for months, mortgage rates...

Industry Update November 3, 2021 Source:  Yahoo! Finance Freddie Mac today announced a new initiative to help renters build credit by encouraging operators of multifamily properties to report on-time rental payments to the three major credit-reporting bureaus. Presently, less than 10% of renters see their on-time rental payment history...

Industry Update November 2, 2021 Source:  inman.com More than half a million homeowners who put their loans in forbearance during the pandemic are now in active loss mitigation, a 37 percent jump from a month ago, as relief programs that allowed millions of borrowers to put their payments on...